Wichita eagle., 1887-08-11
Chicago Grain and Provisions.

CHICAGO. Aug. ~
Corn is king. Secretary Stone announced from
the board OF trade gallery today taat traders In
corn would tomorrow take charge of the wheat pit
while Wheat traders would take the places lately
occupied by the corn crowd The movement was
necessiated by tia greatly increasing trades In
WIN lie the wheat crowd has become small to
require but little room. The hot ind which blew
throu. h the great exchange room had the same eff
feet on prices that it qad on he mercury eqery thing
went up. Operators swettiHg with heat were ex
cited the situation. The signal service showed
no rain in the corn belt rain help the coming
tcreage Of wheat no rain TO help pastures The re-
ports of ruined fieias were more numerous and
forcibIe than The outside orders were to buy
corn and local spectators climbed over each othe r
IN atten pts to purchase with the also tax
ing a hand. May. and September co n was bought
In tremendous quantities by the crowd nearly all
day On the bulges the crowd would sell, but would
load up again on a break Of 1s and 4. The govern
ment Ieport while not as nnfavorable as At tn g
higher prices but oonsi ferng the large shortage In
tae hay crop there was operators who believed In
present il not higher prices for Market open
ed excited about a an " higher than the closing
prices OF yesterday was firm advanced with slight
changes o. q and 18 under a sharp local demand. .
re acted and declined - and ss under better Of
ferings. Owing to desire to realize the market It
W IS unsettle and closed u cents higher for near
futures and III higher for May than yesterdays
closing pri-
Wheat was dun and featureless though prices sd:
vanced 4 cents higher than yesterdays closing
left with a net gain of y cents. Toe strength in
corn had uIuch TO do with the frmneas ia wheat.
but this neglected cereal is not entirely without
friends and believers in merits The statistics Of
The movement of wheat continues to favor the bulls
receipts at primary markets being light and the
seaboard clearance beyond expectations. The gov
ernment reported the crop shows material change
in the condition of spring wheat but government
g inmates on that crop were given weight what
ever. There was a firm and n cent higher opening
for fu ure deliveries Of ats the market being bul
lish in sympathy with corn
The demand for cash oats to go to store was less
urgsnt- but this appeared to make no difference
" it'll speculative values. there was excitement to
speak of and tracing which was OF just moderate
volume was pretty evenly divided between Septem
Der, October and May. At the close May oats show
ed advance for the day Of q and the less deferred
future 3s cents.
The provision trade showed stronger undertone
In next winters deliveries which are receiving in
attention, The movement even bull
fish and for January pork sustained actual ad-
vance OF 81 cents Lard same 10 cent4 and short
ribs l71S cents
Pork for the same month was quoted st 1861
Lard at S. and short ribs at Is in cash and the
futures. The chang for the better less marked
than In January though highest prices the rule
september lard. after selling at e521e and closed
the same yesterday at 665.